Preview

The Great Depression: Black Tuesday and the New Deal

Good Essays
Open Document
Open Document
331 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Great Depression: Black Tuesday and the New Deal
The problems started on October 24th 1929 when the stock market started to crash, this day is also known as Black Tuesday. On October 29th The Stock Market went down another 12%, this was the final blow that led to the Great Depression. People lost there jobs which led to them not being able to pay there bills they then lost there house, and had to sell what they had, such as their cars, TVs and so on so that they could afford food. The president during the beginning of the Great Depression was Hoover, he didn’t think that relief groups should be started and that the people should fend for them selves/ fix it themselves. Banks funds where drained Because loans that where lent out could not be paid back.

When Roosevelt became president he wanted to help the people, so he started the New Deal. In the New Deal relief programs where started to help recover from the Great Depression and get people back on their feet. The WPA was a relief program that helped people get jobs and raised people’s spirits. The WPA also built roads, subways, air-ports, and zoo’s. The relief programs in the New Deal taught people many skills such as sewing, contruction, cleaning, and medical care. The New Deal helped African-American farmers and their families. Roosevelt’s New Deal was successful because it got many people jobs, raised the economy, and made the community a better place.

During WWII women contributed by doing clerical work, they also tested and delivered aircrafts, women repaired equipment and worked as electricians. Women where not allowed to participate in combat. Often times African-American women working across seas would be treated poorly and the African-American nurses would have to care for the wounded Japanese soldiers that were prisoners. Japanese Americans were sent to Prison camps in the west and given identification cards, later the government got the power to just completely remove them from the

You May Also Find These Documents Helpful

  • Good Essays

    The New Deal was enacted in the United States between 1933-1941 to bring relief, recovery and reform as a response to the Great Depression (Carnes & Garraty). Some saw the New Deal as an invasion of their private rights and thought there was too much government control while others thought it did not address the real cause of poverty (Carnes & Garraty).The New Deal had its pros and cons however; the New Deal helped the wealthy as well as the minorities, the farmers and the elderly. It helped those who needed help during a difficult time.…

    • 576 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Great Depression DBQ

    • 695 Words
    • 3 Pages

    The Great Depression caused Americans many other problems, as well. For example, the banking failure also created drastic poverty. Document 2, a photo and article, explains that banks began to collapse and industrial production ground to a halt. Banks across the country were collapsing and people everywhere in America were losing their life savings. After people lost money in the stock market crash they panicked. The people tried withdrawing all their money from banks causing, the banks to close and many people to lose all the money in that bank. When all those people became destitute, they became homeless and unemployed causing businesses to lose money. Thus repeating the cycle that forced more layoffs. Banking failures caused many people and businesses to lose money, greatly contributing to…

    • 695 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The Great Depression

    • 590 Words
    • 2 Pages

    The official start of the Great Depression was originated in United States, during the day of October 29, 1929, referring to the article in New York Times. During that day, which was called Black Tuesday, a big economic problem appeared - the stock market crash. A huge amount of people lost a lot of their money just in one day. Prices on stock market fell down very quickly and people did not even get the money that they invested, they lost even more than half they invested. Prices kept falling - people kept losing their money. Secondly, with this crash, the banking system collapsed too. "The banking structure was inherently weak", wrote John Kenneth Galbraith in The Great Crash, which actually was one of the causes of the collapse. This situation appeared because people could not pay their money for using credit system, and so banks were 'destroyed' - "The weak destroyed not only the other weak, but weakened the strong...", says John Kenneth Galbraith. With these two incredibly bad situations, another, the worse one appeared - unemployment. Looking at the U.S. Unemployment from Historical Statistics of the United States, it is easy to see how it rose up by more than 5% between 1929 and 1930, and by more than 18% between 1926 and 1935 (with farmers (it was even worse w/o farmers)). People were starving - they did not have any money, even for food. A lot of people died because of starving in 1930s in United States. People couldn't find any jobs and so…

    • 590 Words
    • 2 Pages
    Good Essays
  • Good Essays

    New Deal Dbq

    • 433 Words
    • 2 Pages

    New Deal was introduced in the 1930s by President Franklin D. Roosevelt in which established many programs after the Great Depression. It was made to provide aid to millions of people in the US because of the Great Depression. The New Deal is a success because the programs it created became very effect and made a lot of progress in helping people stood up from the sufferings they went through and start a new life. It created direct and immediate rate relief, and it made a lot of changes such as increasing the employment rate, and decreasing poverty by lowering malnutrition in the country. For that reason, it successfully helped improved many people’s lives and the economy.…

    • 433 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Many differ over whether Roosevelt’s programs were economically prosperous. However, there is an agreement that they were generally effective in terms of enhancing the morale of the American people. Many historians say that FDR’s New Deal programs brought America’s economy back from the remoteness of the Depression. I think that the New Deal provided further jobs to more people as well as supplying relief funds to people who could not find work. By doing these things, the New Deal expanded the quantity of money that Americans had to spend. When Americans had more money to spend, there was more demand for services and goods, therefore, more people had to be hired to meet that demand. However, there are some who say that the New Deal really didn’t as much as it…

    • 321 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The Great Depression Dbq

    • 556 Words
    • 3 Pages

    After Black Tuesday the U.S went into an economic crisis known as the Great Depression. During the depression the poltical, economic, and social institutions in the U.S were in bad conditions. The government, various groups and individuals sought ways to address the problems that Americans faced. The Great Depression began during the stock market crash of 1929. Americans faced many challenges during the Great Depression. The government, various groups and many individuals tried to find ways to solve these problems.…

    • 556 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The economy of the United States expanded greatly through the 1920's reaching its climax in August 1929. By this point, production had already declined and unemployment was at an all-time high, leaving stocks to imitate their real value. During the stock market crash of 1929, better known as Black Tuesday, investors traded vast numbers of shares in a single day, causing billions of dollars to be lost and millions of investors to be eliminated. This "crash" signaled the beginning of a decade long Great Depression that would affect all Western industrialized nations; a crash that would later become known as one of the darkest, longest lasting, economic downturns in American history. People all around the world suffered greatly as personal income,…

    • 232 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    Fdr-the Greatest President

    • 1203 Words
    • 5 Pages

    President Roosevelt initiated the only program that could pull the U.S. out of the Great Depression. Roosevelt’s New Deal got the country through one of the worst financial catastrophe the U.S. has ever been through. Diggerhistory.info biography on FDR states,” In March 13 million people were unemployed… In his first “Hundred Days”, he proposed, and Congress enacted, a sweeping program to bring recovery to business and agriculture, relief to the unemployed and those in danger of losing their farms and homes”(Digger History Biography 1). Roosevelt’s first hundred days brought relief to the unemployed. He opened the AAA (Agriculture Adjustment Administration) and the CCC (Civilian Conservation Corps.). The administration employed many young men in need of jobs all around the country. Roosevelt knew that the economy’s biggest problem was the widespread unemployment. Because of Roosevelt’s many acts and agencies, lots of young men and women around the country were getting jobs so the economy was healing. According to Roosevelt’s biography from the FDR Presidential Library and Museum, “Another Flurry of New Deal Legislation followed in 1935, including the WPA (Work Projects Administration), which provided jobs for not only laborers but also for writers, artists, musicians, etc… the Social Security Act which provided unemployment compensation and a program for elderly…

    • 1203 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    The era of the Great Depression was by far the worst shape the United States had ever been in, both economically and physically. Franklin Roosevelt was elected in 1932 and began to bring relief with his New Deal. In his first 100 days as President, sixteen pieces of legislation were passed by Congress, the most to be passed in a short amount of time. Roosevelt was re-elected twice, and quickly gained the trust of the American people. Many of the New Deal policies helped the United States economy greatly, but some did not. One particularly contradictory act was the Agricultural Adjustment Act, which was later declared unconstitutional by Congress. Many things also stayed very consistent in the New Deal. For example, the Civilian Conservation Corps, and Social Security, since Americans were looking for any help they could get, these acts weren't seen as a detrimental at first. Overall, Roosevelt's New Deal was a success, but it also hit its stumbling points.…

    • 1178 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Roosevelt started the new deal with a lot of programs to try and help the american people get jobs and…

    • 232 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Great Depression DBQ

    • 580 Words
    • 3 Pages

    When the Great Depression began in 1932, 13 million people were jobless and by 1933 28 states had no banks. It all started when a newspaper article said that the U.S. Bank was unstable, which caused people to go and withdraw their money from the banks. This made panic erupt and more people withdraw their money and eventually the banks ran out of money and collapsed. 2 million men and 200,000 children roamed the country or families lived in poor scrap neighborhoods called Hoovervilles, named after the president the people believed caused the depression, Herbert Hoover. Once Franklin D. Roosevelt was elected for president, he declared he was going to fix the problems that the Great Depression caused.…

    • 580 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Great Depression Dbq

    • 570 Words
    • 3 Pages

    The Great Depression was a time of agony and strife for the people of the United States. During this time period, of the 1930s, altering of the American social fabric occurred in the sense of family ties, underlying beliefs/values, and bonus expeditionary forces. The hardships after the crash of 1929 until the end, marked usually around 1941, caused families to come closer together and work together to survive. The Jacksonian ideals of independent and self-sufficient citizens were eroded and assistance began to help people along. The depression changed how a group of people were viewed as especially when the government itself, who normally revered a certain group, treated them with utter disrespect.…

    • 570 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In President Roosevelt’s Inaugural address, President Roosevelt said, “This nation asks for action, and action now.” He announced a special session of congress, which became known as the Hundred Days. During the Hundred Days, Congress approved numerous programs to battle the depression. Together these programs became known as the New deal. There are many reasons why I think the New Deal helped our country.…

    • 707 Words
    • 2 Pages
    Good Essays
  • Good Essays

    After the Great Depression, millions of people had no money in the bank and a lot were homeless. President Roosevelt saw this and he decided to make a change. He made a program called Works Progress Administration (WPA). The WPA was a program that employed millions of people that were unemployed after the Great Depression. Millions of people were employed due to the WPA’s work systems which funded various projects. The WPA also funded money into the arts industry and helped artist make money off their paintings and sculptures. The WPA made a great impact on the citizens following the Great Depression.…

    • 487 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The United States has experienced recessions before. If a recession is particularly deep and long lasting it is called a depression. The worst U.S. depression was The Great Depression. The Great Depression began with the stock market crash. In 1929 Black Tuesday affected Americans nationwide.…

    • 319 Words
    • 2 Pages
    Good Essays